Datadog, Inc. Stock Price, News & Analysis

Datadog reported a 74% year-over-year revenue growth for Q2 2022, reaching $406 million. The number of customers with annual recurring revenue over $100,000 surged to about 2,420, a 54% increase year-over-year. The company posted a GAAP operating loss of $(3.1 million), with a non-GAAP operating income of $84.7 million. Datadog has provided guidance for Q3 2022 revenue between $410 million and $414 million and expects full-year revenue between $1.61 billion and $1.63 billion.

Datadog (NASDAQ: DDOG) has acquired Seekret, an API observability company, enhancing its monitoring platform. This integration will improve API governance, observability, and automation throughout the API lifecycle, addressing the growing complexity of API management in modern applications. Seekret’s technology aims to provide seamless discovery and management of APIs, which is critical for Datadog's customers. The acquisition positions Datadog to offer advanced tools for API health, availability, and security, facilitating better solutions for development, operations, and security teams.

Datadog, a leading monitoring and security platform for cloud applications, will participate in several upcoming investor conferences. The presentations are scheduled at:

• The Oppenheimer Technology, Internet and Communications Conference on August 9, 2022, at 10:45 a.m. ET.
• The Citi 2022 Global Technology Conference on September 7, 2022, at 9:00 a.m. ET.
• The Goldman Sachs Communacopia and Technology Conference on September 14, 2022, at 6:45 p.m. ET.

Live webcasts and replays will be available on Datadog’s investor relations website.

Datadog (NASDAQ:DDOG) will report its Q2 2022 financial results on August 4, 2022, before market opening. A conference call is scheduled for the same day at 8:00 a.m. ET to discuss the results and future financial guidance. Investors can access the call at 1-866-374-5140 (domestic) or 1-404-400-0571 (international), passcode 70803954. A live webcast will be available on the company's investor relations page, with a replay archived thereafter. Datadog provides cloud application monitoring and security solutions.

Datadog, a cloud application monitoring and security platform, announced the release of Datadog Audit Trail, which enhances compliance and operational workflow management. The service audits all changes within the Datadog platform and integrates with the Sensitive Data Scanner and role-based access control (RBAC). This tool addresses stringent regulatory requirements like FedRAMP, GDPR, and HIPAA by providing a unified view of user and API actions, thereby helping organizations quickly fulfill audit demands. Datadog Audit Trail is available now.

Datadog has launched Datadog Observability Pipelines, a new product aimed at enhancing data management for organizations. The tool offers a unified interface for controlling the flow of metrics, logs, and traces, allowing users to filter, sanitize, and route observability data. Key benefits include improved cost control, reduced technology lock-in, enhanced compliance, and standardized data quality. The product leverages the open-source Vector framework, allowing organizations to scale their observability practices effectively.

Datadog, Inc. (NASDAQ: DDOG) has been recognized as a Leader in the 2022 Gartner Magic Quadrant for Application Performance Monitoring and Observability for the second consecutive year. This achievement highlights Datadog's ability to execute and the completeness of its vision. The company’s unified platform approach and its AI engine, Watchdog, are noted as key strengths, enabling efficient monitoring of cloud-native architectures. Customers appreciate the Real User Monitoring feature, which aids in understanding user behavior and reducing churn.

Datadog (NASDAQ: DDOG) appointed Titi Cole, Citigroup's CEO of Legacy Franchises, to its Board of Directors on June 2, 2022. Cole brings over 25 years of experience in financial services and has held senior roles at major banks and McKinsey & Company. She aims to drive digital transformation to better meet customer needs. CEO Olivier Pomel emphasized her strategic planning expertise, which will be crucial for Datadog's growth. This leadership addition aligns with Datadog's focus on enhancing its cloud monitoring and security platform, helping businesses with their digital initiatives.

Datadog, Inc. (NASDAQ: DDOG) released its 2022 State of Serverless report, highlighting the mainstream adoption of serverless technologies across major cloud providers like AWS, Azure, and Google Cloud. Over 50% of customers now utilize serverless technologies, with substantial growth in serverless containers. Notably, nearly 40% of Datadog's Google Cloud customers use Google Cloud Run, a fourfold increase since January 2020. Serverless applications are increasingly critical for both external and internal operations, signaling a shift in technology reliance.